Hong Kong dollar interbank rates are generally weakening. One month interbank rates have fallen for seven consecutive days, hitting a three-week low.

On March 7th, the Hong Kong dollar interest rates generally softened, with the overnight rates dropping by 21 basis points to a low of 2.71857%, the lowest since February 12th. The interest rates related to mortgages also dropped for seven consecutive days, with the one-month interbank rate falling to 3.79714%, hitting a three-week low. The three-month interbank rate, reflecting the cost of bank funds, decreased to 3.9206%, the lowest since February 17th. The six-month rate remained at 4%, while the one-year rate dropped to 4.07393%.